Fortress Investment Group Alternative Asset Management
Fortress Investment Group has been a pacesetter ever since it was a founded as a private equity firm in 1998. This was proved by its initial public offering (IPO) in 2007 when it became the first biggest private equity company to go public on the reputable New York Stock Exchange (NYSE). Fortress Investment is currently one of the leading investment management companies that manage assets worth $43 billion for more than 1,750 investors in hedge funds, permanent capital motor vehicles, and private equity. The company is based in the city of New York and it has more than 900 employees.Fortress Investment Group has three able leaders namely Randal Nardone, Wes Edens and Peter Briger. Both Randal and Wes are based in New York while Peter is based in San Francisco.The company specializes in several services that include but are not limited to asset-based investing, capital markets, corporate merger and acquisitions, operations management, and knowledge of companies and institutions specific to several sectors.
The asset-based investments that are conducted through credit funds and private equity are composed of holistic assets, such as real estate property, capital, and vehicles with cash flows that are long term. The investment firm has proper tools that are used in acquiring value from its managing investments. Fortress is proficient in assessing the operational, strategic, and structural issues while taking care of their different investment portfolios. For more than two decades, Fortress Investment Group has gained experience and solidified its expertise in conducting mergers and acquisition deals. Its employees are well versed with many corporate board members, managers, stakeholders, and so on. Fortress also specializes in capital market and is one of the leading financial institutions in securing finance through both equity and debt markets.
Fortress Investment Group boasts of high institutional knowledge owing to its tremendous record of managing corporations. Its employees have a wide range of knowledge that is sector specific. The founders of Fortress, Randal Nardone, Wes Edens and Peter Briger, had great financial experience from their previous executive roles at BlackRock Financial Management, UBS, Goldman Sachs, and Lehman Brothers. Their main objective was to develop a new type of investment firm meant to increase private equity and invest in advanced vehicles. Under their management, the company grew its assets to 3.9 billion U.S dollars from 400 million dollars within a period of five years. Edens and Nardone are still active in governing the company while Kauffman retired and started car racing.